The United States is Colombia's leading trade partner. Colombia accounts for a very small percentage of U.S. trade (0.9% in 2010), ranking 20th among U.S. export markets and 25th as a source of U.S. imports. Economic studies on the impact of a U.S.-Colombia free trade agreement (FTA) have found that, upon full implementation of an agreement, the impact on the United States would be positive but very small due to the small size of the Colombian economy when compared to that of the United States (about 1.9%).
This report discusses the ongoing peace process in Colombia and the potential effects for U.S. policy. On July 18, 2016, the Colombian Constitutional Court approved a plebiscite to allow Colombian voters to decide the fate of the peace accord under negotiation between the government of President Juan Manuel Santos and the country's largest insurgent group, the Revolutionary Armed Forces of Colombia (FARC).
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